Solana Price Holds Firm Above $75 Amid Bullish Technicals

Solana's (SOL) price is holding steady above $75 as it continues to show cautious optimism. The token has been trading around $75.27, with a 24-hour volume of approximately $2.27 billion and a market cap of about $43.86 billion.

According to SoSoValue data, US-listed spot SOL ETFs recorded $10.26 million in inflows last week, marking the seventh consecutive week of positive flows. Analyst Bluntz notes that SOL is likely still in an accumulation phase and has been 'somewhat boring' due to this.

A falling wedge pattern is forming on the 4-hour chart, with a breakout target of $77.10. If Solana can break above the upper trendline of the wedge, it could set off an upside move towards this target.